M&A · Financials · Buyer's industry: State Commercial Banks
Seacoast Banking Corp of Florida to acquire Drummond Banking Company
Announced May 4, 2022 · Closed Oct 7, 2022 · Private target
Deal value$173M
Premium—To unaffected price
EV / Adj. EBITDA—
ConsiderationNot disclosed
Transaction
- Acquirer
- Seacoast Banking Corp of Florida (SBCF)
- Target
- Drummond Banking Company
- Buyer type
- Strategic
- Offer price per share
- —
- Enterprise value
- —
- Status
- Closed Oct 7, 2022
Deal protections
Not disclosed for private-company acquisitions.
Advisors
- To the acquirer
- Piper Sandler
- To the target
- Hovde Group
Classification
- Sector
- Financials
- Buyer's industry
- State Commercial Banks